Global Millionaire Statistics: How the U.S. and Other Countries Compare
While only 1.1% of the global population has a net worth of $1 million or more, the figure varies significantly by country. In the U.S., 6.6% of Americans are millionaires, compared to 4% in China, 4.2% in France, and 7.3% in Australia. Financial experts Brian Preston and Ban reveal that it typically takes 27 years for Americans to accumulate their first million and an additional 14 years to reach billionaire status, highlighting the long-term journey to significant wealth.
31 Comments
Wish I figure that out when I was 18
Yes most of the world is poor. We should be ashamed. Yes I am fixing it.
You will find that number in Australia is dependent on politicians ,mining companies and forieners that brought there money here also the house prices have doubled in the last 6 or 7 years so alot of that net worth is probably divided between the banks as everyone re mortgaged there home we learned how to inflate our value from the best aka Americans 😂
When the dollar crashes because nations stop using petro dollars the US dollar will have less value than a roll of toilet paper.
Many of millionaires in China, Hong Kong and Taiwan obtained citizenship in Australia, just in case. Hence the high number of millionaires there.
That’s just what’s on the books and what we know about. There’s a lot of people that got a lot of dirty money that the stat takers don’t know about. I’m just saying but good video thank you. Always appreciate your content.
The price of property is a making Australians millionaires… Still cash poor
Australia has the smallest population on the list of one of it will all be down to property there’s not fucking way 7.5% of people in oz have a million in the bank absolutely not way
Asians move to Australia when they get rich. Also mineral rights/farming out there is lucrative
Means nothing unless it's weighted against cost of living.
Actually, the numbers are MUCH LOWER. Why? You should be counting LIQUID ASSETS which do not include your home or business. So a high net worth persaon has 1-5 Million, a very high net worth person has 5-30 million, and an ultra high net worthnperson has 30+ million. 1% of the US population for the first catagory, 800K people in the whole US for the second, and about 380k total in the US of 330 million people in the US for the third. Why is this more accurate? BANKS USE THIS TO DETERMINE YOUR WEALTH. These are hard catagories to reach. Ask any banker or look at Forbes for the answer.
Because their population is limited in Australia because of the habitable areas.
Aussie is Socialism so they own nothing 😂
Australian dollar is worth, at best, 2/3 of US dollar .
Dedicating your life to pursue money is just sad. Dont you have anything else worth living for? I do.
Keep in mind a million is not worth much anymore on many regions.
You can be quite poor and have propety worth 2 million but selling would mean you need to move far away from family because you could not afford rent.
You can have a good paying job and you will accumulate a million in 20 years but at that point the housing market made that 1mil property worth 3 mil and still you cannot buy shit
You read alots of books which is good, but a big part of knowledge is missing in you ,let me tell you ,YOU NEED ISLAM BADLY.
Most homes are 1m+ in oz
It took me less than that ,it took gov, in one day took all my 5m
Now who has the largest percentage of their population living in poverty out of those nations?
His handlers won't let him tell you what race is vastly over represented in the millionaires or billionaires stat.
In Australia's cities most of the homes are over 1mil so every home owner is a millionaire basically
Hehehe, us Aussies are beating America
Unless your a PYRAMID SCHEME KING hey pbd
PBD=Propaganda Bullshit David
Thanks for the reality check
Beacuse alot of aussie make good coin in mines or trucking pretty sure also idk how much the lotto would of helped us out haha since we only got a small population
It's just a bad comparison considering the fact that it converts to only $640,000 US. Try using the Iranian Rial. You'll have to be a millionaire just to enjoy a $50 meal with your date.
Trump was totally correct. 9-1-1 has a recording reporting four people carrying 4 geese caught in a public park.
Because you are asking a financial planner the numbers are based on benchmarks.
huh? how do you go from 14 years after 1 million to 1 billion? that makes no sense.